About

Archives

Categories

Subscribe to this blog's feed
Blog powered by Typepad

Please Read Disclaimer.

  • THE CONTENTS OF THIS BLOG DO NOT MAKE AN ATTORNEY-CLIENT OR OTHER PROFESSIONAL RELATIONSHIP.
    The information provided on this site is informational, only. No legal advice is given and no attorney/client or other relationship is established or intended. We are independent of cross links and do not warrant their accuracy or applicability. We are located in Florida and comply with all ethical rules of the Florida Bar. Some States may require the word, "Advertisement," or similar words to appear. No professional relationship will be deemed to exist unless and until an agreement in writing for professional services has been signed by both client and Mr. Wall after appropriate interviews and conflict checks.

Google Search This Site

  • Google Search This Site!
    Google

    WWW
    insuranceclaimsissues.typepad.com

« Claims and Issues -- Author's Note: Commercial Advertising Not Authorized and Not Linked. | Main | COBRA Possible Option for AWEs and RIFs Continuing Health Coverage. »

March 08, 2010

Principal Reductions: Another Tool for Residential Mortgage Foreclosure Mediations?

  **Author's Note:  If you have reached this blog through a list that carries advertising, your computer may or may not be put at risk either through the list or through the advertising.  I do not accept or authorize any commercial advertising of any kind on any list or post.  Placing commercial advertisements with or near any of my web log posts is prohibited.  Further, I do not recommend any products or services advertised with or near any of my posts or any list of my posts.** 

   The President of Ocwen Financial Services, based in West Palm Beach, Florida and a major player in the U.S. home loan market, "testified to Congress this week that more principal reductions are needed when troubled home loans are modified." Kimberly Miller, "Ocwen President to Congress:  Principal Reductions Save Mortgages" (South Florida Sun-Sentinel.com republished from the Palm Beach Post on Friday, March 5, 2010).

   Principal reductions may become another useful option to be explored during Residential Mortgage Foreclosure Mediations.

Please Read The Disclaimer.

Posted by on March 08, 2010 at 08:27 AM in Mediation, Mortgage Insurance |

Comments

The comments to this entry are closed.